|
Report Date : |
12.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
JÄRNMALMER T. MALMER AKTIEBOLAG |
|
|
|
|
Registered Office : |
Box 2079, 40312 Göteborg |
|
|
|
|
Country : |
Sweden |
|
|
|
|
Financials (as on) : |
2012 |
|
|
|
|
Date of Incorporation : |
10.10.1966 |
|
|
|
|
Com. Reg. No.: |
5561061069 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Recovery of sorted materials |
|
|
|
|
No. of Employees : |
11 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Sweden |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
sweden ECONOMIC OVERVIEW
Aided by peace and neutrality for the whole of the 20th century, Sweden has achieved an enviable standard of living under a mixed system of high-tech capitalism and extensive welfare benefits. It has a modern distribution system, excellent internal and external communications, and a highly skilled labor force. In September 2003, Swedish voters turned down entry into the euro system concerned about the impact on the economy and sovereignty. Timber, hydropower, and iron ore constitute the resource base of an economy heavily oriented toward foreign trade. Privately owned firms account for vast majority of industrial output, of which the engineering sector accounts for about 50% of output and exports. Agriculture accounts for little more than 1% of GDP and of employment. Until 2008, Sweden was in the midst of a sustained economic upswing, boosted by increased domestic demand and strong exports. This and robust finances offered the center-right government considerable scope to implement its reform program aimed at increasing employment, reducing welfare dependence, and streamlining the state's role in the economy. Despite strong finances and underlying fundamentals, the Swedish economy slid into recession in the third quarter of 2008 and growth continued downward in 2009 as deteriorating global conditions reduced export demand and consumption. Strong exports of commodities and a return to profitability by Sweden's banking sector drove the strong rebound in 2010, which continued in 2011, but growth slipped to 1.2% in 2012. The government proposed stimulus measures in 2012 to curb the effects of a global economic slowdown and boost employment and growth.
|
Source : CIA |
Company Summary
|
Business
Name |
Järnmalmer T. Malmer Aktiebolag |
|
|
Country |
SWEDEN |
|
|
Company
Registration Number |
5561061069 |
|
|
Main
Activity |
Recovery
of sorted materials |
|
|
Activity
Code |
38320 |
|
|
Company
Status |
Active |
|
|
Latest
Turnover Figure |
281.328.000
SEK |
|
|
Latest
Shareholder Equity Figure |
41.743.000
SEK |
|
|
Basic Information |
||
|
Business
Name |
Järnmalmer
T. Malmer Aktiebolag |
|
|
Registered
Company Name |
Järnmalmer
T. Malmer Aktiebolag |
|
|
Company
Registration Number |
5561061069 |
|
|
Country |
SWEDEN |
|
|
VAT
Registration Number |
SE556106106901 |
|
|
Date
of Company Registration |
10/10/1966 |
|
|
Legal
Form |
Limited
liability company |
|
|
Company
Status |
Active |
|
|
Currency
of this Report |
SEK |
|
|
Principal
Activity Description |
Bolaget
skall bedriva handel med järn och metallskrot, fastig- heter och värdepapper,
ävensom idka förvaltning och uthyrning av fastigheter samt därmed förenliga
verksamheter. |
|
|
Contact
Address |
Box
2079, 40312 GÖTEBORG |
|
|
Contact
Telephone Number |
031-844025 |
|
|
Activities |
|||
|
Activity
Code |
Activity
Description |
||
|
38320 |
Recovery
of sorted materials |
||
|
Address |
Country |
Telephone |
|
|
Box
2079, 40312 GÖTEBORG |
SWEDEN |
031-844025 |
|
|
Other
Address |
|
|
Address |
Country |
|
No
other addresses for this company. |
|
|
Email
Addresses |
|
No
information for this company. |
|
Web
Pages |
|
No
information for this company. |
|
Current
Directors |
|||
|
Name |
Appointment
Date |
Position |
|
|
Per
Lennart Malmer |
|
Actual
Member of Board |
|
|
Mattias
Malmer |
06/02/2004 |
Actual
Member of Board |
|
|
Mona
Christina Malmer |
31/10/2003 |
Substitute |
|
|
Previous
Directors |
|||
|
Name |
Appointment
Date |
Position |
Resignation
Date |
|
Per
Lennart Malmer |
13/04/2007 |
Managing
Director |
25/10/2010 |
|
Mattias
Malmer |
13/04/2007 |
Executive
Vice President |
25/10/2010 |
No negative information found.
|
Issued
Share Capital |
500.000
SEK |
|
Debt
balance at the Swedish Enforcement Agency |
|
|
Number
of Private Claims |
-
|
|
Balance
of Private Claims |
-
|
|
Number
of Public Claims |
-
|
|
Balance
of Public Claims |
-
|
|
Total
Balance |
-
|
|
Record
of non-payment |
|
|
Number
of distraint attempts and repossessions |
-
|
|
Number
of public claims |
-
|
|
Number
of private claims |
-
|
|
Number
of applications for an order to pay |
-
|
|
Number
of reclaimed/revoked applications |
-
|
|
Ultimate
Holding Parent |
|
No
information for this company. |
|
Immediate
Holding Parent |
|
No
information for this company. |
|
Subsidary
Companies |
||
|
Subsidiary
Name |
Country |
Number |
|
Järnmalmer
Miljö Aktiebolag |
SWEDEN |
5561395624 |
|
Affiliates |
||
|
Affiliate
Name |
Country |
Number |
|
No
affiliates for this company. |
|
|
|
Profit and Loss |
||||||||||||
|
Financial
Year |
2012 |
2011 |
2010 |
|||||||||
|
Number
of Weeks |
52 |
52 |
52 |
|||||||||
|
Currency |
SEK |
SEK |
SEK |
|||||||||
|
Consolidated
Accounts |
N |
N |
N |
|||||||||
|
Revenue |
302.059.000 |
138.061.000 |
132.247.000 |
|||||||||
|
Operating
Costs |
281.165.000 |
124.424.000 |
124.279.000 |
|||||||||
|
Operating
Profit |
20.894.000 |
13.637.000 |
7.968.000 |
|||||||||
|
Wages
& Salaries |
-4.553.000 |
-3.327.000 |
-2.713.000 |
|||||||||
|
Depreciation |
-2.197.000 |
-2.816.000 |
-2.744.000 |
|||||||||
|
Financial
Income |
38.000 |
35.000 |
35.000 |
|||||||||
|
Financial
Expenses |
-142.000 |
-296.000 |
-329.000 |
|||||||||
|
Extraordinary
Income |
-
|
-
|
-
|
|||||||||
|
Extraordinary
Costs |
-
|
-
|
-
|
|||||||||
|
Profit
before Tax |
20.790.000 |
13.376.000 |
7.674.000 |
|||||||||
|
Tax |
-4.329.000 |
-2.486.000 |
-2.026.000 |
|||||||||
|
Profit
after Tax |
16.461.000 |
10.890.000 |
5.648.000 |
|||||||||
|
Minority
Interests |
-
|
-
|
-
|
|||||||||
|
Other
Appropriations |
-4.677.000 |
-4.158.000 |
-211.000 |
|||||||||
|
Retained
Profit |
11.784.000 |
6.732.000 |
5.437.000 |
|||||||||
|
Balance Sheet |
||||||||||||
|
Financial
Year |
2012 |
2011 |
2010 |
|||||||||
|
Number
of Weeks |
52 |
52 |
52 |
|||||||||
|
Currency |
SEK |
SEK |
SEK |
|||||||||
|
Consolidated
Accounts |
N |
N |
N |
|||||||||
|
Land
& Buildings |
8.431.000 |
17.918.000 |
18.639.000 |
|||||||||
|
Plant
& Machinery |
8.967.000 |
10.233.000 |
9.339.000 |
|||||||||
|
Other
Tangible Assets |
0 |
0 |
0 |
|||||||||
|
Total
Tangible Assets |
17.398.000 |
28.151.000 |
27.978.000 |
|||||||||
|
Goodwill |
0 |
0 |
0 |
|||||||||
|
Other
Intangible Assets |
0 |
0 |
0 |
|||||||||
|
Total
Intangible Assets |
0 |
0 |
0 |
|||||||||
|
Loans
To Group |
0 |
0 |
0 |
|||||||||
|
Other
Loans |
0 |
0 |
0 |
|||||||||
|
Miscellaneous
Fixed Assets |
1.350.000 |
1.350.000 |
1.350.000 |
|||||||||
|
Total
Other Fixed Assets |
1.350.000 |
1.350.000 |
1.350.000 |
|||||||||
|
TOTAL
FIXED ASSETS |
18.748.000 |
29.501.000 |
29.328.000 |
|||||||||
|
Work
In Progress |
0 |
0 |
0 |
|||||||||
|
Other
Inventories |
14.314.000 |
9.221.000 |
10.057.000 |
|||||||||
|
Total
Inventories |
14.314.000 |
9.221.000 |
10.057.000 |
|||||||||
|
Trade
Receivables |
1.503.000 |
2.925.000 |
806.000 |
|||||||||
|
Group
Receivables |
0 |
0 |
0 |
|||||||||
|
Miscellaneous
Receivables |
6.171.000 |
12.909.000 |
4.914.000 |
|||||||||
|
Total
Receivables |
7.674.000 |
15.834.000 |
5.720.000 |
|||||||||
|
Cash |
33.016.000 |
9.883.000 |
7.037.000 |
|||||||||
|
Other
Current Assets |
0 |
0 |
0 |
|||||||||
|
TOTAL
CURRENT ASSETS |
55.004.000 |
34.938.000 |
22.814.000 |
|||||||||
|
TOTAL
ASSETS |
73.752.000 |
64.439.000 |
52.142.000 |
|||||||||
|
Trade
Payables |
2.185.000 |
1.918.000 |
3.300.000 |
|||||||||
|
Bank
Liabilities |
0 |
0 |
0 |
|||||||||
|
Group
Payables |
668.000 |
777.000 |
746.000 |
|||||||||
|
Miscellaneous
Liabilities |
7.072.000 |
6.353.000 |
5.219.000 |
|||||||||
|
TOTAL
CURRENT LIABILITIES |
9.925.000 |
9.048.000 |
9.265.000 |
|||||||||
|
Bank
Liabilities Due After 1 Year |
0 |
6.525.000 |
4.450.000 |
|||||||||
|
Other
Loans Or Finance Due After 1 Year |
0 |
0 |
0 |
|||||||||
|
Group
Payables After 1 Year |
0 |
0 |
0 |
|||||||||
|
Miscellaneous
Liabilities Due After 1 Year |
22.084.000 |
17.407.000 |
13.249.000 |
|||||||||
|
TOTAL
LONG TERM LIABILITIES |
22.084.000 |
23.932.000 |
17.699.000 |
|||||||||
|
TOTAL
LIABILITIES |
32.009.000 |
32.980.000 |
26.964.000 |
|||||||||
|
Called
Up Share Capital |
500.000 |
500.000 |
500.000 |
|||||||||
|
Share
Premium |
0 |
0 |
0 |
|||||||||
|
Revenue
Reserves |
41.143.000 |
30.859.000 |
24.578.000 |
|||||||||
|
Other
Reserves |
100.000 |
100.000 |
100.000 |
|||||||||
|
TOTAL
SHAREHOLDERS EQUITY |
41.743.000 |
31.459.000 |
25.178.000 |
|||||||||
|
Other Financials |
||||||||||||
|
Contingent
Liabilities |
0 |
0 |
0 |
|||||||||
|
Working
Capital |
45.079.000 |
25.890.000 |
13.549.000 |
|||||||||
|
Net
Worth |
41.743.000 |
31.459.000 |
25.178.000 |
|||||||||
|
Ratios |
||||||||||||
|
Pre-Tax
Profit Margin |
6.88
% |
9.69
% |
5.80
% |
|||||||||
|
Return
On Capital Employed |
24.85
% |
18.20
% |
12.50
% |
|||||||||
|
Return
On Total Assets Employed |
28.19
% |
20.76
% |
14.72
% |
|||||||||
|
Return
On Net Assets Employed |
49.80
% |
42.52
% |
30.48
% |
|||||||||
|
Sales/Net
Working Capital |
6.70 |
5.33 |
9.76 |
|||||||||
|
Stock
Turnover Ratio |
4.74
% |
6.68
% |
7.60
% |
|||||||||
|
Debtor
Days |
1.82 |
7.73 |
2.22 |
|||||||||
|
Creditor
Days |
2.64 |
5.07 |
9.11 |
|||||||||
|
Current
Ratio |
5.54 |
3.86 |
2.46 |
|||||||||
|
Liquidity
Ratio/Acid Test |
4.10 |
2.84 |
1.38 |
|||||||||
|
Current
Debt Ratio |
0.24 |
0.29 |
0.37 |
|||||||||
|
Gearing |
|
20.74
% |
17.67
% |
|||||||||
|
Equity
In Percentage |
57.65
% |
49.86
% |
49.57
% |
|||||||||
|
Total
Debt Ratio |
0.77 |
1.05 |
1.07 |
|||||||||
|
Employee
Information |
|
|
Year |
Number
of Employees |
|
2012 |
11 |
|
2011 |
9 |
|
2010 |
7 |
|
2009 |
7 |
|
2008 |
8 |
|
Advisors |
|
|
Auditor
Name |
Bo
Torgel Gjörde |
|
Tax
Registrations |
|
|
Registered
for Tax |
Yes |
|
Registered
for VAT |
Yes |
|
Registered
for Employee Tax |
Yes |
|
Certificates |
||
|
Type |
Category |
Issuer |
|
No
certificate information for this company. |
|
|
|
Industry
Comparison |
|
|
Activity
Code |
38320 |
|
Activity
Description |
Recovery
of sorted materials |
|
Event History |
|
|
Event
Date |
Event
Description |
|
24/04/2013 |
Annual
report (PDF), new |
|
23/04/2013 |
Annual
report (PDF), new |
|
06/02/2013 |
Annual
account, new |
|
06/02/2013 |
Limit,
increase |
|
06/02/2013 |
Annual
report (PDF), new |
|
06/02/2013 |
Group
annual accout, new |
|
03/02/2012 |
Group
annual accout, new |
|
03/02/2012 |
Annual
account, new |
|
03/02/2012 |
Limit,
increase |
|
26/01/2012 |
Annual
report (PDF), new |
|
29/03/2011 |
Phone
number, new |
|
19/01/2011 |
Limit,
decrease |
|
19/01/2011 |
Annual
account, new |
|
19/01/2011 |
Group
annual accout, new |
|
06/01/2011 |
Annual
report (PDF), new |
|
03/11/2010 |
Phone
number, removed |
|
03/11/2010 |
Fax
number, removed |
|
28/10/2010 |
Company
representatives, changed |
|
28/10/2010 |
Board,
changed |
|
28/10/2010 |
Authorised
signatories amended or new/amended vacancy text |
|
26/10/2010 |
Board,
changed |
|
26/10/2010 |
Authorised
signatories amended or new/amended vacancy text |
|
26/10/2010 |
Company
representatives, changed |
|
19/02/2010 |
Limit,
increase |
|
19/02/2010 |
Annual
account, new |
|
12/02/2010 |
Annual
report (PDF), new |
|
21/04/2009 |
Board,
changed |
|
21/04/2009 |
Company
representatives, changed |
|
20/01/2009 |
Annual
account, new |
|
14/01/2009 |
Annual
report (PDF), new |
|
Status
History |
|
|
Date |
Event
Description |
|
No
company status history for this company |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.64 |
|
UK Pound |
1 |
Rs.90.14 |
|
Euro |
1 |
Rs.77.99 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not recommended |
|
---- |
NB |
New Business |
---- |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.